The government on Friday raised fuel prices in the country, in an effort to soften the blow on oil marketing companies, as global crude soared beyond $100 while retail prices remained unaltered. Now, as petrol and diesel are Rs 3 costlier, the key question is: to what extent will the price hike help?While the outlook …
The rupee staged a sharp rebound on Thursday, rising 156 paise or 1.6 per cent to settle at 93.14 (provisional) against the US dollar, logging one of its steepest single-day gains in many years after regulatory measures by the Reserve Bank of India (RBI), according to PTI.The surge followed a series of steps by the …
The Indian rupee has been battered since the start of the US-Iran war, and continues to depreciate versus the US dollar driven by a multitude of factors. (AI image) The Indian rupee on Monday breached the 95 mark for the first time versus the US dollar. In fact, in this financial year, the rupee has …